And not everyone bought the story. Gerald Cotten, who was the 30-year-old founder of cryptocurrency trading platform Quadriga CX, died while he was on his honeymoon in India in 2018 The company kept his death secret for a month. There was even mention of a Haitian zombie powder that could purportedly be used to fake death. Before getting died it is claimed that Gerald Cotten on November 27, 2018, signed a will in which it was stated that after his death his financial assets will be distributed between his wife, parents, and siblings, He stated in his Will that his parents will become the sole owner of his Sailboat and his brother Bradley will become the owner of his private aircraft (Cessna 400.). Gerry then spent the night in a private room at the hospital after being diagnosed with acute gastroenteritis. According to probate documents filed by Robertson, on December 21, 2018, he left her most of his personal assets of approximately 9.5 million CAD. But no autopsy was performed on Cottens body, so nobody can be sure why, exactly, he died a fact thats encouraged conspiracy theorists who believe that Robertson poisoned her husband or that hes not dead at all. mode: 'thumbnails-a', They were suspending payments.. G erald Cotten was 15 when he ran his first documented get-rich-quick scheme. In an interview with The Globe and Mail, Robertson said: "I love the Gerry that I knew. The status of a request to exhume the body of a cryptocurrency businessman remains a mystery. As a result, creditors who had a lot of money invested began to look into what happened leading up to Gerrys death. However, one person seemed perfectly flush through all of this: The Talented Mr. Cotten. His statement of death issued by his family and the Government of Rajasthan in India clearly claims that he died in Jaipur, India. Many even claim that the businessman used the money from his company for his personal use. After an investigation by the Ontario Securities Commission, it was found Quadriga CX was essentially a "Ponzi scheme." After Geralds death documents submitted in court state that $140 million USD Bitcoin and other cryptocurrencies were locked in with QuadrigaCX as Gerald was the only owner of the encrypted passcode of the exchange. It was then revealed that Gerry presumably happened to be the only person with access to the digital keys to the cold wallets that held the cryptocurrency. After all, the request came from hotel employees. At 15 years old, Cotten put his first pyramid scheme into motion. Suspicions were fuelled when his name was misspelled on his death certificate and by the fact that he had prepared his will just days before his honeymoon. On September 26, 2021, Netflix announced plans to broadcast a documentary series focussed around the investigatory efforts of Quadriga investors who believed Cotton faked his death. His death brings chaos to the crypto world as after his death many investors have lost their money. ets hope that the public will get some clarity surrounding the allegations and rumors surrounding her late husband from her book. Leave a sympathy message to the family on the memorial page of Gerald Cotten to pay them a last tribute. In April 2019, Robertson voluntarily agreed not to sell or transfer any of her assets. The sudden death of Gerald Cotten in December 2018 plunged the world of cryptocurrency into chaos. Is Kristie Mewis Dating the Aussie Star Sam Kerr? But on December 9, 2018, Gerry died at a local hospital because of complications resulting from Crohns disease at the age of 30. Let us also find out about the whereabouts of the famous QuadrigaCX founders widow. (adsbygoogle = window.adsbygoogle || []).push({}); Munish Sehgal is an Indian writer from Punjab, India. He published a comprehensive account of Cottens final days, which began with the couples arrival at the luxury resort Oberoi Rajvilas, a palatial hotel complete with resident peacocks. From an early age, Cotten was interested in computers. Naasnya, ia harus kehilangan 500 ribu dolar Kanada (sekitar Rp 5,7 miliar) setelah Gerald Cotten, CEO Quadriga CX, meninggal dunia dan tidak memberikan password untuk membuka kunci akses mata uang kripto di platform tersebut. window._taboola = window._taboola || []; His death left investors locked out of their money and left Jennifer Robertson, Gerrys wife, to deal with the fallout. Save my name, email, and website in this browser for the next time I comment. Remember that crypto . Trust No One tells the shocking story of Gerald 'Gerry' Cotten, charting his rise to the top of Bitcoin and his dramatic fall, leaving his legacy tarnished. After his wife, Jennifer Robertson, announced his death on Facebook in January 2019, conspiracy theories quickly began circulating amongst Quadriga users who believed Cotten wasnt dead at all, and had in fact pulled an exit scam: faked his own death and dropped off the map, taking the money theyd put into Quadriga with him. Gerald Cotten, who was born on May 11th, 1988, was raised in Belleville, Ontario, before relocating to Toronto to enroll at York University's Schulich School of Business. At the time, the couple was looking to open an orphanage in that country. target_type: 'mix' Inklings of dubious behaviour started to surface when he started to frequent the dark web chatroom, TalkGold, a . [7][8], Cotten's death, and the loss of his keys, has been offered as a cautionary tale, when other instances of crypto-currency loss have come to light. So upon completing his schooling in a private school in Canada he went to Schulich School of Business at York University in Toronto. She also mentioned that she was, Cottens Death Had The Crypto World In A Frenzy, There is no doubt that Cottens death saddened his family and close ones. Now years after Cottens death Netlifx has released his story in their Series Crypto King. When crypto boss Gerald Cotten died in 2018 he took with him a fortune of up to $CA215 million ($A234 million) in bitcoin and other digital currencies. In the aftermath, Jennifer agreed to return $12 million from the estate as part of a settlement. According to her, Gerry was in charge of the accounts by then. Gerald and Jennifer kept most of their relationship away from the public. Furthermore, Gerry signed his will less than two weeks before his death, leaving all of his assets to Jennifer. But before his death, he already made his family the owners of his millions of dollars of assets. Exit Scam on Apple Podcasts. In 2018, Gerald Cotten, the founder of Canada's biggest Bitcoin exchange, died under mysterious circumstances during a honeymoon trip to India. Cotten didnt have time to enjoy the resort, though: He was feeling sick upon his arrival and would be dead within 24 hours. As time went by, the money failed to materialize, with Jennifer stating that she had no access to the cold wallets that stored the cryptocurrency externally. In 2019, Quadriga ceased operations and filed for bankruptcy. Some have even questioned whether or not Cotten really died. Gerald Cotten, who was born in Fall River man, died in 2018 in India at the age of 30, taking with him the access codes for about $190 million in investments allegedly stored in encrypted "wallets." - File. }); window._taboola = window._taboola || []; Within months, things went from bad to worse for everyone involved. QuadrigaCX was a Canadian cryptocurrency exchange founded by Gerald "Gerry" Cotten and Michael Patryn in 2013. The news of his demise reached us almost about a month later after he actually passed away on 9 th December 2018. So, this could be one of the main reasons contributing to her sudden disappearance. Bekyk alle uitslae . As heard in Trust No One, some Quadriga investors believed Cotten faked his own death and ran off with millions as part of an "exit scam," others believed he had his face modified by a plastic surgeon and was no longer recognizable. She has co-authored a book titled Bitcoin Widow: Love, Betrayal and the Missing Millions that details her experiences with Gerry. Naturally, people started to question whether the young founder was even dead. Cotten now stands accused of perpetrating an ultra-modern Ponzi scheme, powered by technology and 21st century cunning. The dude literally said that comment as a complete joke, and I even . He was buried five days after passing away. The company gradually grew over the years to amass . Indian authorities maintain that Cotten, whose body was repatriated to Nova Scotia for a small closed-casket funeral, died on Dec. 9, 2018, shortly after checking into a luxury hotel in Jaipur. The sham ran for three months before shutting down with investors money disappearing. her wedding band, jeep, personal retirement savings fund, and $90,000 cash. Gerard takes a more fanciful view. Conventionally, the former QuadrigaCX founder only wrote the said will a few weeks after the two exchanged wedding vows. His parents owned an antiques shop and he graduated from Torontos York University with a bachelors degree in business economics. Investors could not get in their money quickly enough. Gerry was 26-years-old when they first met and just getting into Bitcoin. After getting his degree from York University in 2010 Gerald Cotten came to learn about Bitcoin and then traveled to Vancouver, British Columbia to start his work related to Bitcoins. AOC blasts 'old boys' club' Senate, wrongly says she reps Canadian teacher with size-Z prosthetic breasts placed on paid leave, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Sick trolls leak gruesome Maggie Murdaugh autopsy photo after it was accidentally shown on livestream, Madonna watches new boyfriend Joshua Poppers fight in New York City, Saving Private Ryan actor Tom Sizemore dead at 61 after brain aneurysm, How Ariana Madix discovered Tom Sandoval was cheating on her with Raquel Leviss, Max Scherzer's first look at the new pitch clock, Chris Rock Jokes About Watching Emancipation to See Will Smith Getting Whipped In Advance of Netflix Special: Report, Kellyanne Conway and George Conway to divorce. _taboola.push({ Netflixs new documentary about Cotten and the mystery of his death. ", https://web.archive.org/web/20211001005037/https://marketresearchtelecast.com/patch-me-if-you-can-password-taken-to-the-grave-gone-stupid/117604/, "What are the best true crime podcasts covering a single case? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. After Gerrys death became public, she maintained that the attorneys decided to hold off on announcing it earlier. September 27, 2021 by Sunil Chaulagain. Ontario Superior Court judge Glenn Hainey did agree to have the courts take control of the funds, but noted he could not yet determine whether CIBC's initial decision to freeze the funds was appropriate, or whether they faced a liability.[12]. Gerry did everything [for the company] from his laptop.. Likewise, the public was not much intrigued about their lives up until Geralds name got tainted by him being a fraud. Three years after Cottens murky death, most of the missing money has yet to materialize; the majority of what was found can be tied to funds frozen by the Canadian bank. Back in India, the gastroenterologist stated that he couldnt be sure about the diagnosis without the autopsy. However, the celebrity wife has vanished from the spotlight after agreeing to repay the clients for what they have lost. However, Jennifer had claimed in her court documents that she hadreceived threats and slanderous comments. ", https://web.archive.org/web/20200308012304/https://www.mondaq.com/canada/Technology/901106/Dealing-With-Digital-Assets-On-Death-Who-Owns-Them-Who-Can-Access-Them-What-Can-Be-Done-To-Protect-Them, "To The Grave: Mystery of rogue Bitcoin trader who died taking with him password to $215m fortune sparking rumours he faked his death", https://web.archive.org/web/20210729014641/https://www.the-sun.com/news/3365741/mystery-bitcoin-trader-password-fake-death/, "Drug dealer loses $58M in bitcoin after landlord accidentally throws codes out", https://www.cnet.com/news/drug-dealer-loses-58m-in-bitcoin-after-landlord-accidentally-throws-codes-out/, https://web.archive.org/web/20210727143224/https://newsinteractives.cbc.ca/longform/bitcoin-gerald-cotten-quadriga-cx-death, https://web.archive.org/web/20210522215407/https://www.todayville.com/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-4/, "Judge rules with CIBC, grants possession of disputed Quadriga funds to Ontario Superior Court", https://web.archive.org/web/20190124200914/https://www.theglobeandmail.com/business/article-judge-rules-with-cibc-grants-possession-of-disputed-quadriga-funds-to/, "Crypto firm CEO with $190 million password did die in Jaipur hospital", https://web.archive.org/web/20190208122506/https://timesofindia.indiatimes.com/india/man-with-190m-password-did-die-in-jaipur-hospital/articleshow/67876757.cms?from=mdr&fbclid=IwAR1QzXbiwC96b1M0xasSWpBOy48GR0aOv5O1LHNQi6tfviR1hZGetTu-te0, https://web.archive.org/web/20190208181956/https://www.ctvnews.ca/business/details-emerging-about-gerald-cotten-the-young-founder-of-quadrigacx-1.4287471, "Ponzi schemes, private yachts, and a missing $250 million in Crypto: The strange tale of Quadriga", https://www.vanityfair.com/news/2019/11/the-strange-tale-of-quadriga-gerald-cotten, "Revealed: London bank accounts that could hold key to dead crypto tycoon's lost millions", https://web.archive.org/web/20200317010559/https://www.telegraph.co.uk/technology/2020/03/15/revealed-london-bank-accounts-could-hold-key-dead-crypto-tycoons/, "Host Takara Small brings fresh perspective to the tech world in new CBC podcast: A Death in Cryptoland unravels the mysterious life & death of crypto-tycoon Gerald Cotten", https://web.archive.org/web/20210728171201/https://www.cbc.ca/radio/podcastnews/host-takara-small-brings-fresh-perspective-to-the-tech-world-in-new-cbc-podcast-1.6034398, "Tales from the crypto: Documentary explores life and death of Canadian CEO -- and the disappearance of $215 million of cryptocurrency", https://web.archive.org/web/20210714141431/https://www.winnipegfreepress.com/arts-and-life/entertainment/arts/tales-from-the-crypto-574828102.html, "Netflix true-crime documentary dives into cryptic death of crypto millionaire Gerald Cotten", https://web.archive.org/web/20210928123409/https://www.businessinsider.com/netflix-documentary-crypto-gerald-cotten-death-2021-9, "A New Netflix Doco Will Deep Dive Into One Of Cryptos Biggest Scandals", https://web.archive.org/web/20210927035921/https://www.gizmodo.com.au/2021/09/trust-no-one-the-hunt-for-the-crypto-king/, "Netflix is making a documentary about the QuadrigaCX Bitcoin saga: When founder Gerald Cotten died in 2018, hundreds of millions in crypto assets allegedly became inaccessible", https://web.archive.org/web/20211001002122/https://www.engadget.com/netflix-documentary-quadrigacx-bitcoin-gerald-cotten-150253816.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAN3Lp3mUevfwynupx5jFRGvhiem5hBxfSnZkTioY_DIdXVjtMDQPmSwIAfyMJ03t-lyw5AaoVb8gjYUnAXSEFgJyW3xqDDc4XlWvCbgsXOyX26sKEkfdz4ny38adeRhCJNCnJMYy-5DGVmzUaHgSLj494PSPu7iCOVvYgxxY_NYS, "Quadriga's mystery 'cold wallets' were emptied months before Gerald Cotten's death", https://web.archive.org/web/20190924152355/https://business.financialpost.com/technology/blockchain/quadriga-cold-wallets-found-to-be-empty-report, "An insiders view of the Quadriga meltdown: 'Its all kind of really suspicious", https://web.archive.org/web/20190418130345/https://business.financialpost.com/technology/an-insiders-view-of-the-quadriga-meltdown-its-kinda-devastating, "How Gerald Cotten built Quadriga and created the ensuing crypto storm", https://web.archive.org/web/20200308012557/https://business.financialpost.com/technology/blockchain/how-gerald-cotten-built-quadriga-and-created-the-ensuing-crypto-storm?video_autoplay=true, "Bitcoin: Millions of dollars of cryptocurrency 'lost' after man dies with only password: Conspiracy theories have been raised about the whereabouts of the QuadrigaCX exchange's funds", https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-exchange-quadrigacx-password-cryptocurrency-scam-a8763676.html, "Bitcoin boss Gerald Cotten may have faked death and escaped with $234m fortune: Many believe Gerald Cotten is alive and escaped with a $234 million fortune, with investigators calling to dig up his body. But when the banks, the law, and the. Quadriga Fintech Solutions was founded and led by Gerald Cotten. Born in Belleville, Ont., in 1988, Cotten was quick to profit during the . Regardless, she must be living a comfortable life with what was left of her fortune. I don't know who this other person is, but he's let me down so much.". They reported that Quadriga investors claimed Cotten and Patryn had a background in Ponzi schemes: In 2020 pressure mounted for Cotten's body to be exhumed, to confirm he had not faked is death. More than three years after the sudden death of Quadriga CEO Gerald Cotten and the revelations that the company was a massive cryptocurrency scam, his widow,. I like the notion of there being an island out there, somewhere, where Gerry Cotten is sipping a cocktail.. Consequently, the public knows little about the relationship between the now-dead Gerald and his widow. They reported Quadriga had argued that the majority of the funds were really its property, and that CIBC freezing the funds was improper. container: 'taboola-right-rail-thumbnails', Gerald when died was holding an approx net worth of $140 million USD. Gerald Cotten founded Canadian Bitcoin Exchange Quadriga. However, his sudden death in December 2018 and the circumstances surrounding that sparked intense speculation; a few believed Gerald faked his own death. While Jennifer said she stopped processing payments in 2016, customer receipts showed the firm continued paying customers in 2017. He loves to create content on the internet. Banks did not want to deal with crypto companies. Gerry was smiling and telling people not to worry, promising them that they would get paid, Gerard said. In early 2019, the exchange disclosed, months after the fact, that founder Gerald Cotten had died of complications from Crohn's disease while on a trip to India. Gerald founded Quadriga by doing local trades in the beginning. Se convirti en un empresario de criptomonedas y dirigi el mayor cambio de criptomonedas de Canad, QuadrigaCX, antes de morir en circunstancias extraas en 2018. Many believe that Cotten faked his death, however, as part of an exit scam to get away with . Or else, they would send checks through third-party payment processors.. He was better known for working on the post of CEO at Quadriga Fintech Solutions. Netflix's latest true crime doc, "Trust No One: The Hunt for the Crypto King", seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. He was resuscitated twice, but, as Dr. Sharma said, The third time he could not be revived. He was dead. So, Cottens death remains a mystery to this day. Join half a million readers enjoying Newsweek's free newsletters. [1][2][3][4][5][6] Investors were distressed when told that encrypted digital assets he controlled, for them, could not be accessed, because only he knew the access codes. She was allowed to keep money, a car, her wedding band, some jewelry, and shares in Quindraga Fintech, among other things. On December 12 they were all set to visit Hyderabad. Home Wiki Gerald Cotten Wife, Death Cause, Wiki, Biography, Net Worth, Age, Parents, Siblings & Facts. There is no doubt that Cottens death saddened his family and close ones. After one month before going on a honeymoon with his wife. I ended up losing my life savings I lost $400,000, he said in the documentary. Gerald's death came as a shock and sparked an outpouring of grief. Geralds wife came under fire from the media after she claimed that she did not have the password and recovery key to access the information on Cottens laptop. Cotten had written a new will in late November 2018, approximately two weeks before his death. Unfortunately, the honeymoon was short-lived, and Cotten was declared dead within 24 hours of their arrival in India. He would tell you that he ran a fabulous Bitcoin exchange, Gerard said. Everything was going well until the press released the news of his death. Medical experts also noted that the mortality rate of Crohns disease is relatively low but have speculated that Gerry might have had a perforated bowel. At least, that was the case for Vancouver-based exchange QuadrigaCX.